Fourth quarter, June 1, 2010 – August 31, 2010
- Net sales totaled SEK 759 M (813), down 6.7 percent. The negative impact from the divested operations at Steen & Ström department store is -4.0 percent and currency effects +0.7 percent. Sales in comparable proprietary stores decreased 0.8 percent.
- The operating result has improved with SEK 57 M to SEK 6 M (-51) The profit before tax amounted to SEK -12 M (-58).
- Profit after tax amounted to SEK -9 M (-43), corresponding to a profit per share of SEK -0.05 (-0.38).
- Cash flow from operating activities amounted to SEK 48 M (5).
The interim-report period, September 1, 2009 – August 31, 2010
- Net sales totaled SEK 3 054 M (3 207), down 4.8 percent. The negative impact from the divested operations at Steen & Ström department store is -1.6 percent and currency effects is +0.1 percent. Sales in comparable proprietary stores declined 1.0 percent.
- The operating result improved with SEK 184 M to SEK 48 M (-636 including goodwill write-down of SEK 500 M). The profit before tax amounted to SEK 22 M (-689).
- The profit after tax amounted to SEK 29 M (-663), corresponding to a profit per share of SEK 0.18 (-6.12).
- Cash flow from operating activities amounted to SEK 120 M (-104).
- The operations at the Steen & Ström department store in Oslo is divested.
- RNB implemented a private placement to Konsumentföreningen Stockholm and a rights issue to existing shareholders that provided the company with about SEK 315 M before issue costs.
- The Board of Directors of RNB RETAIL AND BRANDS has decided to retain and continue to operate its departments at NK in Stockholm and NK in Gothenburg.
- Through new credit agreements, the company has secured its long-term loan financing.